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Archive: Thrift Savings Plan

15Nov

2018

There will be significant changes made to the Thrift Savings Plan. Effective September 2019, these changes will focus on withdrawal options that have previously lacked flexibility. Because of that, many have looked for alternative options that offer more accessibility and…

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02Nov

2018

There is good news if you are a federal employee saving for retirement. The Internal Revenue Service has announced next year’s contribution limits for the Thrift Savings Plan and for Individual Retirement Accounts. You will be able to contribute more…

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24Sep

2018

There is almost $600 billion just sitting in the Thrift Savings plan waiting for federal employees to use it when they retire. TSP and Congress Congress has a track record of spending money from any available source, so it’s understandable…

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19Sep

2018

The Thrift Savings Plan program will increase the proportion of some investments in certain stocks with the hopes of growing the amount of money annuitants receive after they retire. Agency officials of the Federal Retirement Thrift Investment Board outlined a…

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10Sep

2018

When you retire, your Thrift Savings Plan account may be the largest source of income you draw from. You’ll want to avoid these mistakes to ensure you maximize your retirement income. Keep Your Beneficiary Forms Updated It may be easy…

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23Jul

2018

Your Thrift Savings Plan account is where you can save the easiest for your retirement. And for some federal employees, this account balance can be quite large. It may seem enticing to dip into this account if you’re in need…

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01Jun

2018

Officials have announced how they plan to provide additional flexibility to Thrift Savings Plan participants. The 2017 TSP Modernization Act allows federal employees and retirees to make multiple age-based withdrawals from their TSP accounts and remain eligible for partial withdrawals…

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26Apr

2018

The Federal Retirement Thrift Investment Board (FRTIB) administers the Thrift Savings Plan and they are saying more military service members are opting into the new blended retirement system each month, however, thousands are forgetting an important step. Around 20,000 participants…

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05Mar

2018

The agency that administers the Thrift Savings Plan, the Federal Retirement Thrift Investment Board, received the lowest of 5 possible scores on a recent audit to determine its compliance with federal information security standards. The consulting firm, Williams Adley, sent…

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19Feb

2018

Every year when the President releases his budget proposal, FERS employees and retirees wonder what kind of impact there may be regarding their benefits. Let’s look at each proposed change and its potential impact on retirement. Pay Freeze Impact: Moderate…

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